RE: RE: RE: RE: missed a chance to short today I have shorted RIM when it was crashing last fall at least a dozen times, and even a few more times into the spring. That was a serious no brainer, like YLO a year ago from 6 bucks down to 50 cents where I stopped. I think in 6 months of shorting YLO I had to buy back higher perhaps 4 or 5 times out of about 60 short day trades.
I watch BNN Market Call early edition everyday and follow several of the stocks online and very often a top pick or a much pumped stock will bounce up within seconds of the analyst pumping it (as did MMT). I will short the stock on the run up and sell later on the retraction. It works for me 90% of the time. Try it in a trial portfolio and see how it works for you. If I can make 100 or 200$ per day 4 days out of 5, then I am happy. Some days I do better than others like my trade on MMT. I bought at 1.47 and sold at 1.68, then sold shares I didn't have again at 1.68 and bought at the end of the day at 1.63, so I made .21 cents on the way up and 5 cents on the way down and held no shares at the end of the day.
If the shres I wanted to short at 1.68 had gone up to 1.73 I would have had to settle at 1.73 reducing my gain by 5 cents, but I got lucky with an up and down trade over two days due to the high volume and huge lots available on both the bid and the ask.
Not sure if the voulme and lot sizes will alow more of this type of trading on MMT, but I will find another stock on BNN that will bounce around and I'll play it.
That's it for me on this topic. I had to pay good $$ and spend several days in a class room and even more days reading expensive books learnig this and other techniques, so that is my one free tip for this board.
glta